Struggling Dow transport stocks could be economic warning signal

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

México Noticias Noticias

México Últimas Noticias,México Titulares

Explore stories from Atlantic Canada.

The Science of Beer | SaltWire #beer #science #craftbeer #soundbites #discoverycentre #foodanddrinkNEW YORK - It's been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot.

The Dow transports are"a barometer for future economic activity," said Chuck Carlson, chief executive officer at Horizon Investment Services."They may be indicating that while a recession isn't imminent, that there is probably a slowdown in the economy that's ahead here." Data this week showed the U.S. economy grew at a 1.3% annualized rate in the first quarter, down from the 3.4% fourth-quarter 2023 pace. A key test for the economy's strength and for markets comes with the June 7 release of the monthly U.S. jobs report.

Matthew Miskin, co-chief investment strategist at John Hancock Investment Management, said it could be harder for the broader market to break significantly higher unless the transports pick up steam.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 45. in MX
 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Struggling Dow transport stocks could be economic warning signalIt's been a banner year for the major U.S. stock indexes, but one economically sensitive corner of the market sticks out as a sore spot. The Dow Jones...
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Struggling Dow transport stocks could be economic warning signalSome investors said the struggles for the 20-stock transport index could signal weakness in the economy
Fuente: globeandmail - 🏆 5. / 92 Leer más »